Crypto HeadlinesUS imposes sanctions on Russian A7 network
The US Department of the Treasury has imposed sanctions on the Russian payment network A7. The decision was made due to Iran's assistance in circumventing international restrictions.
Fund Turnover
From January 2025 to June 2026, more than $17 billion passed through A7's sub-agents. Sanctioned entities, including Iran's Central Bank and the IRGC, used the network for international settlements.
A7 was also used for oil sales and arms purchases. The Financial Crimes Enforcement Network (FinCEN), a financial unit of the US Department of Justice, plans to ban US companies from conducting transfers through this network's sub-agents.
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